Financial Controlling

Avensys is a reputed global IT professional services company headquartered in Singapore. Our service spectrum includes enterprise solution consulting, business intelligence, business process automation and managed services. Given our decade of success, we have evolved to become one of the top trusted providers in Singapore and service a client base across banking and financial services, insurance, information technology, healthcare, retail and supply chain.

We are currently looking for Financial Controlling and Financial Advisory who has proven track record in non-IT Industry. This is an exciting opportunity to expand your skill set, achieve job satisfaction and work-life balance. More details as below.

JOB DESCRIPTION

Financial Controlling and Financial Advisory

Experience: 12+ years of experience in the Finance and reporting related activities. Preferably, 5+ years of this experience will be in the Oil and Gas Downstream.

Bachelor's degree in a Business, Accounting or Finance discipline.

Job Purpose:

We are seeking an experienced financial advisor to join Downstream Finance, and Performance Management Department (DSF&PMD) focusing on Segment Financial Controlling & Financial Advisory activities for the Downstream Segment based in Dhahran, Saudi Arabia.

The successful candidate will be part of the segment level team that handles financial reporting and controlling, financial consolidation, compliance (IFRS) and assurance over segment financials reported both internally and externally. It is a critical team within Downstream Finance, responsible for ensuring that segment results are prepared in a timely, accurately and world-class manner, as can be expected from one of the largest companies in the world.

You will be accountable for preparation and submission of segment level financial reports, insights, review of all the overall segments’ and business units financials statements (focusing on but not limited to: P&L, Balance Sheet, Cash Flow, FCF, ROACE and etc) and notes to senior management, while ensuring robust controls over financial reporting processes.

As you will be overseeing segment level financials and associated processes, you are required to exhibit strong interpersonal skills, as you are dealing with multiple stakeholders, initiate and lead segment wide process improvement opportunities, and promote consistent application of group policy.

The role provides exposure to senior management as well as the opportunity to get involved in wide ranging financial activities, not limited to, associated with long- and short-term business planning, forecasting, financial reporting (consolidation) and controlling, investment decisions, tax, price and tariff development and other financial requirements

Overall, this is a fantastic, and high profile, role that will allow the successful applicant market leading career opportunities.

Client is an IFRS (International Financial Reporting Standards) company.

Minimum Requirements:

A bachelor's degree in a Business, Accounting or Finance discipline

Accounting / Finance professional designation (ACCA, CPA, CMA, CIMA, CA, CFA, or equivalent).

12+ years of experience in the Finance and reporting related activities. Preferably, 5+ years of this experience will be in the Oil and Gas Downstream

Previous experience in implementing financial controls

Solid understanding of IFRS in relation to Oil & Gas

Strong knowledge of accounting principles, practices, standards, laws, and regulations

Working knowledge of SAP Finance Modules

Strong working knowledge of Microsoft Office Suite

In depth knowledge in one or more of the following areas: trade accounting, impairment, asset accounting, cost reallocations, revenue accounting, transfer pricing, financial consolidation and group reporting requirements

Strong modelling experience would be considered an asset as it allows you to be active in an even broader suite of responsibilities

Duties & Responsibilities

The successful candidate will perform a broad spectrum of financial reporting activities, ensuring that Downstream’s financials are prepared in a timely and world-class manner.

• Responsible for preparing financial and management report

• Manage the global financial planning and quarterly forecasts process

• Participate in the consolidation and reconciliation of financial figures reported to executive management to finalize the business line financial reports at both actual and planning events

• Prepare monthly and quarterly financial statement analytical review at business unit level

• Assess and evaluate financial performance of the organization and provide insight and recommendations with regard to short term operational goals and long-term strategy, budgets and forecasts

• Responsible for carrying out cash flow analysis and as per the financial needs of the company, determine the required financial tools (i.e. Loans (Short or Long term), Hedge, LC, Leasing and etc.) and prepare a business plan to allocate the resources accordingly

• Develop product and regional segment financial statements.

• Treasury, Accounting Policy, Tax, Pricing, Financial Accounting, External Reporting, Enterprise Risk, Audit, and Affiliates Support for the DS business. Ensure facilitation of Downstream objectives through these stakeholders

• Establish and maintain reconciliation controls on balance sheet accounts

• Assists in budget development cycles. Set, monitor and allocate budgets in coordination with the business and Finance.

• Coordinate, maintain, and resolve outstanding audit exceptions for both internal and external auditing

• Provide Downstream Finance community advice on technical accounting issues

• Identify and implement preventative and detective controls on key financial processes

• Ensure timely and accurate recognition of provisions relating to environmental remediation, legal and asset retirement obligations

• Oversee the implementation of cost-effective internal controls for results-oriented management; assess the adequacy of DS internal controls; identify needed improvements and take corresponding corrective action; and report annually on the internal controls through management assurance statements.

• Support business development activities ranging from capital projects to upgrades.

• Support business systems architecture and ERP for financial functions initiatives.

• Develop, build and review full financial models on corporate finance transactions (M&A, due diligence, impairment testing, and tax related activities and etc.) And conduct valuation analyses using appropriate valuation methodologies.

WHAT’S ON OFFER

You will be remunerated with an excellent base salary and entitled to attractive company benefits. Additionally, you will get the opportunity to enjoy a fun and collaborative work environment, alongside a strong career progression.

To submit your application, please apply online or email your UPDATED CV in Microsoft Word format to hanin@aven-sys.com (Your interest will be treated with strict confidentiality).

Consultant Name: Hanin Alghamdi

Avensys Consulting Pte Ltd

EA Licence 12C5759

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